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Bitcoin is an experimental digital currency that allows instant payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to operate with no central authority. Money transfers and the minting of new coins are carried out collectively by the network. The open source software that enables Bitcoin is released under the MIT license.
Click here for a concise explanation of how it works or here for a detailed technical description.
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Block Dojo: Empowering Philippine startups through innovation and investment
11 Oct 2024 15:00 Six startups under Block Dojo Philippines face investors at the Manila House on July 31, pitching their blockchain solutions to get more support and build deeper connections with industry players.
This Week in AI: OpenAI projects $44B losses; Meta AI expands OpenAI may be a household name on all things AI, but underneath all that lies a deeper problem; Meanwhile, Meta eyes the expansion of its AI assistant to six new countries amid data privacy concerns.
DoJ, SEC charge ‘crypto’ market makers with market manipulation The U.S. Attorney’s Office for the District of Massachusetts announced charges against 14 individuals and four entities accused of “widespread fraud and manipulation in the cryptocurrency markets.”
ECB calls for digital revolution in capital markets ECB Executive Board member Piero Cipollone laid out an ambitious plan for transforming Europe's fragmented capital markets by leveraging tokenization and blockchain technologies.
Regulation Brings Clarity to Web3 Market, Developers, and Companies, Says Ava Labs CBO
South Africa’s Tax Agency Adds Crypto to Compliance Programs
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"The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer
it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible.
With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless."
Satoshi Nakamoto |
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